Mexico's peso briefly weakened after Cenbank cuts interest rate

MEXICO CITY, March 8 Fri Mar 8, 2013 10:12am EST

MEXICO CITY, March 8 (Reuters) - Mexico's peso weakened to trade at 12.79 per dollar a minute after the Central Bank announced it cut the benchmark interest rate to a new record low of 4 percent, its first cut in nearly 4 years.

The peso then recovered to trade at 12.6671 per dollar.

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